Budget measure exempting buy-to-let landlords from capital gains tax prick branded as a direct attacks on landlordsA surprise reduction in capital gains tax has been welcomed by investors but is expected to immediate outrage from buy-to-let landlords after residential property was exempted from the changes.
The headline rates of CGT - which is paid on profits from asset sales - will be prick on 6 April from 18% to 10% for basic rate taxpayers and from 28% to 20% for higher rate taxpayers.
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Source: theguardian.com